NHC “Uzbekneftegaz” to complete 9 investment projects in 2016

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April 7, 2016

NHC “Uzbekneftegaz” to complete 9 investment projects in 2016


The work on the implementation of projects included in the Investment program for 2016 was the main theme of the discussion at the press conference organized by the National Holding Company “Uzbekneftgaz”. According to the Investment program, in the current year, Uzbekneftegaz is implementing 38 projects with a total volume of investments at $20.6 billion.

Hereby, 9 investment projects with a total volume of investments at $624.08 million are planned to be completed and put into operation by the end of this year.

Within the commissioning of the above facilities, it is projected to create 10 certified centers specialized on installation of LPG equipment on motor vehicles, BCS with a capacity of 18 MW, as well as capacities for the production of 80 thousand tons of granulated sulphur and 8 thousand tons of liquefied gas, for cleaning up to 6 billion cubic meters of gas and production of 37.1 million kWh of electricity for own needs.

The extraction of valuable components from the existing raw material resources through their further processing, expansion of geography of export of products with high added value are defined as one of the main priorities and objectives of the oil and gas industry of the Republic.

Foreign investments, modern technology and equipment are being attracted for these purposes. In particular, in the framework of the Investment program, 14 projects with a total volume of foreign investments are being implemented in the current year with the participation of foreign investments and loans.

Hereby, the foreign partners are leading global companies in such areas as geological exploration works, extraction and processing of hydrocarbons, transportation of natural gas, production of plastic products, gas cylinders, construction of a new gas processing plant, CNG stations, certified centres for installation gas cylinders for compressed gas in vehicles, etc.

In particular, the project on production of synthetic liquid fuel based on cleaned methane of Shurtan gas-chemical complex is one of the largest in the world in gas processing and production of synthetic liquid fuel. First of all, it is the deepening of processing of raw materials and the creation of new added value. The calculations show that, compared with the cost of the initial methane, the cost of the resulting synthetic hydrocarbon will increase by more than 2.2 times, the effect of import substitution will exceed $1 billion per year. The contract for the construction of a plant for the production of synthetic liquid fuels was signed with the Korean company Hyundai. Within the framework of the project, it is planned to utilize $510.46 million of foreign investment by the end of this year.

Another project – the development of deposits of Kandym group with the construction of a modern gas plant and the exploration at Kungrad site on the PSA terms. This year the construction of the Kandym gas processing plant will enter into an active phase. The construction site of the plant and infrastructure are under preparation currently. An order was made for the manufacture of technological equipment. In the current year it is projected to utilize $662 million of foreign investments.

Another major project – “Organization of production of olefins from natural gas to produce plastics (polyethylene, polypropylene)” – provides for the establishment of production of polyethylene and polypropylene by obtaining olefins from natural gas. A Memorandum of joint implementation was signed with the company GS E&C in the framework of the state visit of the delegation of the Republic of Uzbekistan to the Republic of Korea in May 2015. Currently, the preliminary feasibility study of the project is being worked out.

During the event, the representatives of Uzbekneftgaz spoke about the implementation of the project “Construction of Ustyurt GCC at Surgil Deposit with the arrangement of the field”. The construction work of a modern gas chemical complex on deep processing of 4.5 billion of natural gas and 115 thousand tons of condensate per year and its components with the annual production of diversified products were completed in the fourth quarter of 2015, followed by commissioning of the work. The main equipment of the complex was manufactured by leading German, French, Japanese, American, Swedish, Dutch and South Korean manufacturers such as “Siemens”, “Linde”, “Hitachi”, “Cryostar”, “Kaji”, “FivesCryo”, “Heta”, “FivesCryo”, “Alpec”, “Sunjgjin”, “Wooyang”, “DKT”, “BrothersPipes”, “Cameron”, “Nijhuis”, “DongYang”, “Andritz”, “Coperion”, “Kobelco”, “Lawrencepumps”. The first polyethylene was obtained at the end of October 2015, and in early November – a polypropylene. The export of products was started in December 2015. Currently, the complex is working on reaching the design capacity.

Jahon Information Agency